PlainsCapital Bank

PlainsCapital Bank pursues a community banking strategy in Lubbock where it was established, and in its newly acquired markets in the Rio Grande Valley. In the Austin, Dallas, Fort Worth, Houston, Coastal Bend, and San Antonio markets, PlainsCapital focuses on commercial and private banking. With $7.2 billion in deposits as of June 30, 2017 and 62 branches, PlainsCapital ranks 6th for banks based in Texas.

PlainsCapital’s bankers are focused on building long-term relationships with their clients. They are recognized for their expertise, their responsiveness, their straightforward way of doing business and their involvement in the community. PlainsCapital Bank is led by Jerry L. Schaffner, president and chief executive officer. He has been with the Bank since its first year of operations in 1988, and has more than 30 years of experience in the banking industry.

At-A-Glance

The Bank’s loan growth and exceptional deposit growth from 1988 to 1999 in its hometown of Lubbock allowed PlainsCapital to expand to larger Texas markets.

The Bank opened its first Dallas location in 1999.

From 2000 to 2006, the Bank entered five new Texas markets: Austin, Fort Worth, San Antonio, Weatherford and Arlington.

The Bank acquired First Southwest Company, a Dallas-based public finance advisory firm and investment bank in 2008. As of January 25, 2016 FirstSouthwest has merged into what is now HilltopSecurities.

The Bank assumed certain assets and liabilities of Edinburg-based First National Bank in September of 2013. As a result of the transaction, PlainsCapital Bank more than doubled the size of its branch network while gaining entrance into the Rio Grande Valley, Houston, Corpus Christi, Laredo and El Paso markets.

PlainsCapital Bank's leadership team, under the guidance of Chairman Alan B. White, is the driving force behind the Company’s strategic vision and entrepreneurial spirit. The team’s common vision for the future and focus on core competencies has facilitated PlainsCapital’s growth for more than a quarter of a century. Each PlainsCapital leader brings decades of financial services experience to the table and their long tenures with the company is clear evidence of PlainsCapital’s relationship-based culture.

Jerry L. Schaffner

President & Chief Executive Officer

Mr. Schaffner leads the strategic direction of PlainsCapital Bank and oversees all core banking, lending and funding activities. He received a B.B.A. in finance from Texas Tech University. Mr. Schaffner has more than 30 years of experience in banking with specialized expertise in lending.